TripAdvisor Inc (TRIP)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,067,000 | 1,124,000 | 1,141,000 | 1,100,000 | 1,021,000 | 1,066,000 | 1,045,000 | 781,000 | 723,000 | 682,000 | 775,000 | 674,000 | 418,000 | 446,000 | 698,000 | 798,000 | 319,000 | 838,000 | 901,000 | 771,000 |
| Short-term investments | US$ in thousands | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | 0 | 0 | 0 | 0 | 2,000 | 95,000 | 65,000 | 40,000 |
| Total current liabilities | US$ in thousands | 572,000 | 719,000 | 854,000 | 763,000 | 533,000 | 573,000 | 656,000 | 467,000 | 357,000 | 363,000 | 444,000 | 277,000 | 242,000 | 231,000 | 249,000 | 311,000 | 435,000 | 468,000 | 638,000 | 530,000 |
| Cash ratio | 1.87 | 1.56 | 1.34 | 1.44 | 1.92 | 1.86 | 1.59 | 1.67 | 2.03 | 1.88 | 1.75 | 2.43 | 1.73 | 1.93 | 2.80 | 2.57 | 0.74 | 1.99 | 1.51 | 1.53 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,067,000K
+ $0K)
÷ $572,000K
= 1.87
Based on the data provided, the cash ratio of TripAdvisor Inc. has fluctuated over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these obligations.
TripAdvisor Inc.'s cash ratio ranged from 1.39 to 2.00 during the period, with the highest value recorded in Q4 2022 and the lowest in Q2 2023. This variability suggests fluctuations in the company's cash position relative to its short-term liabilities.
Overall, TripAdvisor Inc. has maintained a relatively healthy cash ratio above 1 across all quarters, indicating that the company has a sufficient level of cash to meet its short-term obligations. However, investors and analysts may want to monitor the trend in the cash ratio over time to assess the company's liquidity position and financial health more comprehensively.
Peer comparison
Dec 31, 2023